Patterson Companies Inc
Patterson Companies, Inc. engages in the distribution of dental and animal health products. The company operates through three segments: Dental, Animal Health, and Corporate. The Dental segment offers consumable products, including infection control, restorative materials, and instruments; basic and advanced technology and dental equipment; and practice optimization solutions, such as practice ma… Read more
Patterson Companies Inc (PDCO) - Net Assets
Latest net assets as of January 2025: $989.91 Million USD
Based on the latest financial reports, Patterson Companies Inc (PDCO) has net assets worth $989.91 Million USD as of January 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.83 Billion) and total liabilities ($1.84 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $989.91 Million |
| % of Total Assets | 34.95% |
| Annual Growth Rate | 20.38% |
| 5-Year Change | 19.76% |
| 10-Year Change | -33.84% |
| Growth Volatility | 92.27 |
Patterson Companies Inc - Net Assets Trend (1991–2024)
This chart illustrates how Patterson Companies Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Patterson Companies Inc (1991–2024)
The table below shows the annual net assets of Patterson Companies Inc from 1991 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-04-30 | $1.00 Billion | -10.44% |
| 2023-04-30 | $1.12 Billion | +7.28% |
| 2022-04-30 | $1.04 Billion | +8.08% |
| 2021-04-30 | $964.67 Million | +15.33% |
| 2020-04-30 | $836.44 Million | -43.50% |
| 2019-04-30 | $1.48 Billion | +1.28% |
| 2018-04-30 | $1.46 Billion | +4.83% |
| 2017-04-30 | $1.39 Billion | -3.28% |
| 2016-04-30 | $1.44 Billion | -4.78% |
| 2015-04-30 | $1.51 Billion | +2.89% |
| 2014-04-30 | $1.47 Billion | +5.87% |
| 2013-04-30 | $1.39 Billion | +1.09% |
| 2012-04-30 | $1.38 Billion | -11.88% |
| 2011-04-30 | $1.56 Billion | +8.26% |
| 2010-04-30 | $1.44 Billion | +21.51% |
| 2009-04-30 | $1.19 Billion | +18.07% |
| 2008-04-30 | $1.00 Billion | -27.15% |
| 2007-04-30 | $1.38 Billion | +11.00% |
| 2006-04-30 | $1.24 Billion | +22.41% |
| 2005-04-30 | $1.02 Billion | +26.61% |
| 2004-04-30 | $801.76 Million | +26.52% |
| 2003-04-30 | $633.69 Million | +23.20% |
| 2002-04-30 | $514.36 Million | +25.91% |
| 2001-04-30 | $408.51 Million | +23.62% |
| 2000-04-30 | $330.47 Million | +24.61% |
| 1999-04-30 | $265.20 Million | +26.11% |
| 1998-04-30 | $210.30 Million | +29.26% |
| 1997-04-30 | $162.70 Million | +28.01% |
| 1996-04-30 | $127.10 Million | +30.76% |
| 1995-04-30 | $97.20 Million | +34.63% |
| 1994-04-30 | $72.20 Million | +35.97% |
| 1993-04-30 | $53.10 Million | +396.26% |
| 1992-04-30 | $10.70 Million | +386.36% |
| 1991-04-30 | $2.20 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Patterson Companies Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 92287.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (April 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $831.48 Million | 83.05% |
| Common Stock | $897.00K | 0.09% |
| Other Comprehensive Income | $-89.92 Million | -8.98% |
| Other Components | $258.68 Million | 25.84% |
| Total Equity | $1.00 Billion | 100.00% |
Patterson Companies Inc Competitors by Market Cap
The table below lists competitors of Patterson Companies Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Navin Fluorine International Limited
NSE:NAVINFLUOR
|
$2.62 Billion |
|
Axcelis Technologies Inc
NASDAQ:ACLS
|
$2.62 Billion |
|
Shanghai International Port Group Co Ltd
SHG:600018
|
$2.63 Billion |
|
Anadolu Efes Biracilik ve Malt Sanayi AS
IS:AEFES
|
$2.63 Billion |
|
California Water Service Group
NYSE:CWT
|
$2.62 Billion |
|
Jumbo SA
F:5JB
|
$2.62 Billion |
|
JD Logistics Inc
PINK:JDLGF
|
$2.62 Billion |
|
Banco del Bajío S.A. Institución de Banca Múltiple
PINK:BBAJF
|
$2.62 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Patterson Companies Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,118,535,000 to 1,001,144,000, a change of -117,391,000 (-10.5%).
- Net income of 185,931,000 contributed positively to equity growth.
- Dividend payments of 98,333,000 reduced retained earnings.
- Share repurchases of 229,508,000 reduced equity.
- Other comprehensive income decreased equity by 653,000.
- Other factors increased equity by 25,172,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $185.93 Million | +18.57% |
| Dividends Paid | $98.33 Million | -9.82% |
| Share Repurchases | $229.51 Million | -22.92% |
| Other Comprehensive Income | $-653.00K | -0.07% |
| Other Changes | $25.17 Million | +2.51% |
| Total Change | $- | -10.50% |
Book Value vs Market Value Analysis
This analysis compares Patterson Companies Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.93x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 1890.16x to 2.93x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1991-04-30 | $0.02 | $31.33 | x |
| 1992-04-30 | $0.08 | $31.33 | x |
| 1993-04-30 | $0.42 | $31.33 | x |
| 1994-04-30 | $0.59 | $31.33 | x |
| 1995-04-30 | $0.79 | $31.33 | x |
| 1996-04-30 | $0.98 | $31.33 | x |
| 1997-04-30 | $1.25 | $31.33 | x |
| 1998-04-30 | $1.58 | $31.33 | x |
| 1999-04-30 | $1.98 | $31.33 | x |
| 2000-04-30 | $2.45 | $31.33 | x |
| 2001-04-30 | $3.01 | $31.33 | x |
| 2002-04-30 | $3.77 | $31.33 | x |
| 2003-04-30 | $4.63 | $31.33 | x |
| 2004-04-30 | $5.82 | $31.33 | x |
| 2005-04-30 | $7.31 | $31.33 | x |
| 2006-04-30 | $8.92 | $31.33 | x |
| 2007-04-30 | $10.01 | $31.33 | x |
| 2008-04-30 | $7.56 | $31.33 | x |
| 2009-04-30 | $10.02 | $31.33 | x |
| 2010-04-30 | $12.09 | $31.33 | x |
| 2011-04-30 | $13.11 | $31.33 | x |
| 2012-04-30 | $12.41 | $31.33 | x |
| 2013-04-30 | $13.39 | $31.33 | x |
| 2014-04-30 | $14.48 | $31.33 | x |
| 2015-04-30 | $15.19 | $31.33 | x |
| 2016-04-30 | $14.73 | $31.33 | x |
| 2017-04-30 | $14.59 | $31.33 | x |
| 2018-04-30 | $15.70 | $31.33 | x |
| 2019-04-30 | $15.84 | $31.33 | x |
| 2020-04-30 | $8.88 | $31.33 | x |
| 2021-04-30 | $9.98 | $31.33 | x |
| 2022-04-30 | $10.58 | $31.33 | x |
| 2023-04-30 | $11.44 | $31.33 | x |
| 2024-04-30 | $10.69 | $31.33 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Patterson Companies Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 18.57%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.83%
- • Asset Turnover: 2.27x
- • Equity Multiplier: 2.89x
- Recent ROE (18.57%) is below the historical average (26.04%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1991 | 331.82% | 3.00% | 3.76x | 29.36x | $7.08 Million |
| 1992 | 79.44% | 3.07% | 3.68x | 7.04x | $7.43 Million |
| 1993 | 23.92% | 3.70% | 3.31x | 1.95x | $7.39 Million |
| 1994 | 26.73% | 4.13% | 3.43x | 1.89x | $12.08 Million |
| 1995 | 24.90% | 4.54% | 3.11x | 1.76x | $14.48 Million |
| 1996 | 22.58% | 4.93% | 2.87x | 1.60x | $15.99 Million |
| 1997 | 19.91% | 4.90% | 2.71x | 1.50x | $16.13 Million |
| 1998 | 19.40% | 5.24% | 2.46x | 1.50x | $19.77 Million |
| 1999 | 18.82% | 5.68% | 2.35x | 1.41x | $23.38 Million |
| 2000 | 19.51% | 6.20% | 2.30x | 1.37x | $31.43 Million |
| 2001 | 18.72% | 6.61% | 2.11x | 1.34x | $35.62 Million |
| 2002 | 18.53% | 6.73% | 1.97x | 1.40x | $43.85 Million |
| 2003 | 18.89% | 7.22% | 2.01x | 1.30x | $56.32 Million |
| 2004 | 18.64% | 7.59% | 1.24x | 1.98x | $69.29 Million |
| 2005 | 18.10% | 7.59% | 1.44x | 1.66x | $82.19 Million |
| 2006 | 15.97% | 7.59% | 1.37x | 1.54x | $74.17 Million |
| 2007 | 15.11% | 7.44% | 1.44x | 1.41x | $70.41 Million |
| 2008 | 22.38% | 7.50% | 1.44x | 2.07x | $124.38 Million |
| 2009 | 16.83% | 6.45% | 1.45x | 1.80x | $81.00 Million |
| 2010 | 14.72% | 6.56% | 1.34x | 1.68x | $68.10 Million |
| 2011 | 14.44% | 6.60% | 1.33x | 1.64x | $69.33 Million |
| 2012 | 15.48% | 6.02% | 1.29x | 1.99x | $75.29 Million |
| 2013 | 15.13% | 5.78% | 1.36x | 1.92x | $71.26 Million |
| 2014 | 13.63% | 4.94% | 1.42x | 1.95x | $53.45 Million |
| 2015 | 14.75% | 5.10% | 1.48x | 1.95x | $71.85 Million |
| 2016 | 12.98% | 3.47% | 1.53x | 2.44x | $43.01 Million |
| 2017 | 12.26% | 3.06% | 1.59x | 2.52x | $31.45 Million |
| 2018 | 13.75% | 3.68% | 1.57x | 2.37x | $54.80 Million |
| 2019 | 5.65% | 1.50% | 1.71x | 2.21x | $-64.42 Million |
| 2020 | -70.46% | -10.74% | 2.02x | 3.25x | $-673.01 Million |
| 2021 | 16.17% | 2.64% | 2.15x | 2.85x | $59.51 Million |
| 2022 | 19.49% | 3.13% | 2.37x | 2.63x | $98.95 Million |
| 2023 | 18.56% | 3.21% | 2.25x | 2.57x | $95.70 Million |
| 2024 | 18.57% | 2.83% | 2.27x | 2.89x | $85.82 Million |
Industry Comparison
This section compares Patterson Companies Inc's net assets metrics with peer companies in the Medical Distribution industry.
Industry Context
- Industry: Medical Distribution
- Average net assets among peers: $1,254,633,395
- Average return on equity (ROE) among peers: -3.66%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Patterson Companies Inc (PDCO) | $989.91 Million | 331.82% | 1.86x | $2.62 Billion |
| Accendra Health Inc (ACH) | $314.40 Million | 8.91% | 1.75x | $22.90K |
| Arjo AB (publ) (ARRJF) | $6.88 Billion | 10.78% | 1.12x | $491.29 Million |
| Cardinal Health Inc (CAH) | $255.60 Million | 13.15% | 1.57x | $50.81 Billion |
| Cencora Inc. (COR) | $4.01 Billion | 11.02% | 2.01x | $62.31 Billion |
| Cosmos Health Inc. (COSM) | $36.04 Million | -51.45% | 0.83x | $8.90 Million |
| EDAP TMS SA (EDAP) | $50.05 Million | 1.40% | 0.54x | $115.72 Million |
| Empro Group Inc. Ordinary shares (EMPG) | $741.21K | -42.90% | 4.10x | $9.16 Million |
| Energy Management International Inc (ENMI) | $-362.21K | 0.00% | 0.00x | $383.13K |
| Exlites Holdings International Inc (EXHI) | $-84.27 | 0.00% | 0.00x | $574.58K |
| Galenica AG (GALNF) | $999.54 Million | 12.50% | 1.21x | $3.75 Billion |